Brief: Relatech To Buy Sigla Group

Relatech SPA

12/05/2021 06:51

May 12 (Reuters) - Relatech SpA  RLT.MI :
    * SIGNED BINDING AGREEMENT FOR ACQUISITION OF  SIGLA GROUP
    * BINDING AGREEMENT  AIMED AT ACQUISITION, IN A FIRST PHASE
OF 60%
OF SHARE CAPITAL OF GRUPPO SIGLA SRL
    * REMAINING 40% TO BE ACQUIRED, IN TWO TRANCHES, WITH
CLOSING TO
BE COMPLETED, RESPECTIVELY, IN 2023 AND 2024
    * OPERATION, AIMED AT ACQUISITION OF 100% OF CAPITAL TO BE
CARRIED
OUT IN THREE  TRANCHES, PROVIDES FOR CONSIDERATION OF ABOUT EUR
2.3 MILLION FOR 60% OF CAPITAL

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2pk9HW
Further company coverage:  RLT.MI